Years ago, well managed radio stations enjoyed operating profits that could reach 50 percent of revenue. Having permits to broadcast were said to be like having licences to print money. Those days are no more.
But one company has fared worse than most. Far worse.
Investors who have been short-selling Corus Entertainment are congratulating themselves today. Ten years ago, Corus stock closed at $25.28 per share. Five years ago, the share price was $6.66.
June 12, 2024, Corus stock closed at 24 cents.
Perhaps short-sellers will stay on Corus. Rogers recently announced that it reached an agreement with Warner Bros. Discovery, Inc. to become the rights holder to key specialty channels now licensed by Corus. HGTV and The Food Network are included.
Analysts at an investment banking segment of the TD Bank Group says:
Shares of Canadian media company Corus Entertainment Inc. may be worth zero if Rogers Communications Inc. is successful in snatching away programming and trademark deals for channels owned by Warner Bros Discovery Inc.
Corus has already begun new rounds of layoffs. Get ready for more. The dreams of this country’s broadcast executives include:
- less Canadian content,
- virtual DJs,
- almost all Canadian programming centralized in Toronto,
- robotic cameras,
- news, advertising and social media written with AI,
- AI news readers.
.
The many Corus brands in Canada:
in-sights.ca 
Once upon a time, there was this thing, the CTRC, that was supposed to guard against corporate concentration and ensure diversity and Canadian Content, among other things. Our parade of pols has assured that it has had no teeth to enforce anything, and this is what you get, crap media, who then scream for subsidies when people abandon their worthless and biased content.
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Totally agree! The CRTC has just become a mindless bureaucracy, staffed by career bureaucrats whose only interest is their monthly stipends.
CORUS is as dead as a Norwegian Blue parrot. Good f***ing riddance.
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